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Where does China get its crude oil? Import sources 2024

In 2024, China imported $302.5 billion of crude oil (517.7 million tonnes), 23.1% of the world total. Its main sources were Russia (21%), Saudi Arabia (16%) and Iraq (12%). China was the world’s largest importer of crude oil.

Summary

Value
$302.5billion
Tonnes
517.7million tonnes
Share of world total
23.1%
World rank
1st
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Russia62.6Tonnes: 108,469,240USD per tonne: $57720.7%Land
Saudi Arabia47.9Tonnes: 78,637,619USD per tonne: $60915.8%Sea
Iraq37Tonnes: 63,838,060USD per tonne: $58012.2%Sea
Malaysia25.6Tonnes: 41,503,284USD per tonne: $6168.5%Sea
Oman25Tonnes: 40,767,880USD per tonne: $6148.3%Sea
United Arab Emirates22.1Tonnes: 35,532,280USD per tonne: $6217.3%Sea
Brazil20.3Tonnes: 39,432,536USD per tonne: $5146.7%Sea
Angola15.3Tonnes: 28,721,490USD per tonne: $5345.1%Sea
Kuwait9.6Tonnes: 15,970,070USD per tonne: $6023.2%Sea
United States6.1Tonnes: 10,598,238USD per tonne: $5722%Sea
Qatar5.9Tonnes: 9,448,668USD per tonne: $6201.9%Sea
Republic of the Congo3.9Tonnes: 6,551,079USD per tonne: $5991.3%Sea
Ecuador3Tonnes: 5,678,949USD per tonne: $5260.99%Sea
Kazakhstan1.8Tonnes: 2,787,017USD per tonne: $6490.6%Land
Gabon1.8Tonnes: 2,879,881USD per tonne: $6110.58%Sea
Canada1.7Tonnes: 4,793,483USD per tonne: $3600.57%Sea
Norway1.3Tonnes: 2,019,356USD per tonne: $6600.44%Sea
Ghana1.3Tonnes: 1,896,222USD per tonne: $6680.42%Sea
Libya1.1Tonnes: 1,756,156USD per tonne: $6480.38%Sea
United Kingdom1Tonnes: 1,788,977USD per tonne: $5810.34%Sea

Trend

Who it buys from

Russia has been its main source since 2023

Value in USD billions. The five largest sources in 2024.

  • Russia 62.6
  • Saudi Arabia 47.9
  • Iraq 37
  • Malaysia 25.6
  • Oman 25

Source: CEPII BACI

Show the numbers
Partner19952024
Russia< 0.0162.6
Saudi Arabia0.0547.9
Iraq037
Malaysia0.0825.6
Oman0.4825

Sources and methodology

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Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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